To increase power generation potential of low-capacity wind mills, the Government will provide additional interest rate rebate of 0.25 per cent for wind turbine generators of up to 1 megawatt.
The Government has come up with the policy to promote optimum utilisation of wind energy resources as a large number of wind-turbines installed up to the year 2000 are of capacity below 500 KW and are at sites having high wind energy potential, a senior official told PTI.
Initially, wind turbine generators of capacity of up to one MW would be eligible for repowering under the policy. However, the Ministry of New & Renewable Energy (MNRE) can extend the policy to other projects also after evaluation of their initial experience.
“The main aim of the Repowering Policy is to promote optimum utilisation of wind energy resources by creating facilitative framework for repowering,” the official said.
As per the policy, Indian Renewable Energy Development Agency (IREDA) will provide an additional interest rate rebate of 0.25 per cent over and above the interest rate rebates available to the new wind projects being financed by IREDA.